"New York AG Challenges Validity of Trump's $175M Bond Deal"

New York Attorney General Letitia James questions the financial stability of Knight Specialty Insurance Company, which posted a $175 million bond for Donald Trump in his bank fraud case. The AG has raised concerns about the company's ability to operate in the state and meet capital requirements, as well as its over-leveraging. Knight Specialty Insurance Company's president claims the firm is not subject to New York's solvency rules, but this assertion has raised further questions. The company's financial statements and its ability to cover the bond amount have come under scrutiny, leading to doubts about its capacity to handle the risk.